Office MarketBeat: Rents of CBD Grade A offices and Decentralised All Grades offices edged up at a slower rate in Q2 2024. Given the higher supply and weakened demand, rental growth of CBD Grade A offices and Decentralised offices is expected to stay moderated in 2024.
Industrial MarketBeat: Industrial property rents continued to show diverging performance in Q2 2024. While rents for city fringe business parks are expected to remain rising this year, suburban business parks may see moderate or flat rental growth. In terms of investment, industrial sales have been fuelled by capital recycling and the demand for new economy assets.
Retail MarketBeat: Orchard prime retail rental growth outperformed in the first half of 2024 due to the strong tourism recovery. While prime retail rents in Orchard and Suburban areas should continue to rise robustly through 2024, those in Other City Areas may increase at a slower pace.
Capital Markets MarketBeat: Total investment volumes rose in Q2 2024, breaking a two-quarter streak of decline. Investment volume in H2 2024 is expected to remain driven by the residential public market. Higher investments could also be prompted by more asset owners divesting their non-core assets amid high interest rates.
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